Republic Services, Inc. (NYSE:RSG) Shares Sold by TD Asset Management Inc.

TD Asset Management Inc. reduced its position in Republic Services, Inc. (NYSE:RSG) by 1.4% in the 4th quarter, HoldingsChannel.com reports. The firm owned 1,818,945 shares of the business services provider’s stock after selling 26,008 shares during the quarter. TD Asset Management Inc.’s holdings in Republic Services were worth $365,935,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. FSA Wealth Management LLC purchased a new stake in shares of Republic Services during the 3rd quarter worth about $25,000. Arcadia Investment Management Corp MI grew its position in shares of Republic Services by 200.0% in the fourth quarter. Arcadia Investment Management Corp MI now owns 132 shares of the business services provider’s stock valued at $27,000 after purchasing an additional 88 shares during the period. R Squared Ltd acquired a new position in shares of Republic Services during the 4th quarter worth about $32,000. Truvestments Capital LLC purchased a new position in Republic Services in the 3rd quarter valued at about $34,000. Finally, Generali Asset Management SPA SGR acquired a new stake in Republic Services in the 4th quarter worth about $45,000. Institutional investors and hedge funds own 57.73% of the company’s stock.

Analyst Ratings Changes

Several research firms have recently weighed in on RSG. The Goldman Sachs Group raised their target price on Republic Services from $239.00 to $265.00 and gave the company a “buy” rating in a research report on Tuesday, February 18th. Truist Financial reaffirmed a “buy” rating and set a $250.00 target price (up previously from $244.00) on shares of Republic Services in a research note on Friday, February 14th. BMO Capital Markets upgraded shares of Republic Services from a “market perform” rating to an “outperform” rating and increased their target price for the company from $211.00 to $238.00 in a research report on Friday, December 6th. UBS Group boosted their price target on shares of Republic Services from $212.00 to $240.00 and gave the stock a “neutral” rating in a research report on Wednesday, February 19th. Finally, William Blair reiterated an “outperform” rating on shares of Republic Services in a report on Friday, February 14th. Five research analysts have rated the stock with a hold rating, twelve have issued a buy rating and one has given a strong buy rating to the stock. According to data from MarketBeat, Republic Services currently has an average rating of “Moderate Buy” and a consensus target price of $236.88.

Republic Services Stock Up 1.2 %

RSG stock opened at $236.16 on Tuesday. The company’s 50 day moving average is $225.49 and its two-hundred day moving average is $212.92. Republic Services, Inc. has a twelve month low of $180.92 and a twelve month high of $240.95. The company has a current ratio of 0.58, a quick ratio of 0.64 and a debt-to-equity ratio of 1.04. The stock has a market cap of $73.75 billion, a P/E ratio of 36.39, a PEG ratio of 3.64 and a beta of 0.73.

Republic Services (NYSE:RSG) last announced its quarterly earnings results on Thursday, February 13th. The business services provider reported $1.58 earnings per share for the quarter, beating analysts’ consensus estimates of $1.37 by $0.21. The firm had revenue of $4.05 billion during the quarter, compared to analysts’ expectations of $4.08 billion. Republic Services had a net margin of 12.74% and a return on equity of 18.28%. During the same period in the previous year, the company earned $1.41 earnings per share. Research analysts expect that Republic Services, Inc. will post 6.86 earnings per share for the current fiscal year.

Republic Services Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Tuesday, April 15th. Investors of record on Wednesday, April 2nd will be paid a dividend of $0.58 per share. The ex-dividend date of this dividend is Wednesday, April 2nd. This represents a $2.32 dividend on an annualized basis and a yield of 0.98%. Republic Services’s dividend payout ratio is presently 35.75%.

Insiders Place Their Bets

In other news, COO Gregg Brummer sold 6,293 shares of the firm’s stock in a transaction that occurred on Wednesday, February 19th. The shares were sold at an average price of $228.20, for a total transaction of $1,436,062.60. Following the transaction, the chief operating officer now directly owns 10,416 shares in the company, valued at approximately $2,376,931.20. This trade represents a 37.66 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. 0.09% of the stock is currently owned by corporate insiders.

About Republic Services

Republic Services, Inc, together with its subsidiaries, offers environmental services in the United States and Canada. It is involved in the collection and processing of recyclable, solid waste, and industrial waste materials; transportation and disposal of non-hazardous and hazardous waste streams; and other environmental solutions.